On February 6, 2017, the Commodities Futures Trading Commission ("CFTC") found that FXCM was engaged in false and misleading solicitations of its retail foreign exchange customers by taking positions opposite to them. As a result, the CFTC banned FXCM from operating in the United States and imposed a $7 million fine on the Company. The CFTC revealed that from 2009 through at least 2014, FXCM "engaged in false and misleading solicitations of FXCM's retail foreign exchange (forex) customers by concealing its relationship with its most important market maker and by misrepresenting that its 'No Dealing Desk' platform had no conflicts of interest with its customers."

Following this news, FXCM shares declined $3.40 per share, or 50%, on February 7, 2017, to close at $3.45.

If you purchased or otherwise acquired FXCM securities and suffered a loss, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.